Yes, but $14 is still super low!
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I don't know the particulars of HOA law but that would conceptually make sense.
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Taxed at 1.18% last year like every other property. But assessed at 0.4% of the $90,000 purchase price. I guess tax deed =/= re-assessment?pic.twitter.com/TKOfNJs2ts
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Good thing it was reassessed to a whopping $356.38/year.
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Just for the fun of it, here are the boundaries of the property they own:pic.twitter.com/61xb1d3Z7Y
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Search for Presidio Terrace and you can click around here: http://propertymap.sfplanning.org Annual tax is about 1.1% annually.
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It’s public record.
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Let's take one example: 16 Presidio Terrace is still assessed at $252,089 ($3,324.66 in property tax/year). Its current value is $6M+.
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Its neighbor, 15 Presidio Terrace is assessed $412,577 ($4,996.10 in property tax/year) for a current value of $8M+.
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Probably didn't hurt that all the local liberal politicians lived therepic.twitter.com/HgccpL1UzL
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All the politicians living on a private, guarded road is one of those "editor would have cut it for being ham-fisted" metaphors.
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